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According to official news, the permissionless on-chain yield protocol Polaris has completed a $1 million angel round of financing, with participation from institutions such as the Ethereum Foundation, Fusion (under IPOR), Altitude, Liquity, LI.FI, and more than 30 founders and contributors including Daily Gwei founder Anthony Sassano.Polaris's core product is the yield-bearing reserve asset pETH, and it also includes USDp and GOLDp, aiming to provide native yield for any on-chain asset.

According to The Block, APX Lending has launched a five-year revolving credit product backed by Bitcoin and Ethereum, with interest rates starting at 10.49%.The company stated that borrowers can withdraw and repay credit on demand, with no origination fees, early repayment fees, or liquidation fees.

According to SoSoValue data, the total net inflow for Ethereum spot ETFs is $141 million. The Ethereum spot ETF with the highest net inflow in a single day is the Blackrock ETF ETHA, with a single-day net inflow of $72.0685 million, and the historical total net inflow for ETHA currently stands at $12.816 billion. The second is the Fidelity ETF FETH, with a single-day net inflow of $65.112 million, and the historical total net inflow for FETH currently stands at $2.325 billion.The Ethereum spot ETF with the highest net outflow in a single day is the Grayscale Ethereum Trust ETF ETHE, with a single-day net outflow of $6.074 million, and the historical total net outflow for ETHE currently stands at $5.384 billion. As of the time of publication, the total net asset value of Ethereum spot ETFs is $15.916 billion, and the ETF net asset ratio (market value as a percentage of Ethereum's total market value) is 5.21%, with a historical cumulative net inflow reaching $13.167 billion.

According to on-chain analysts' monitoring, the Ethena project's associated address, after being dormant for 2 years, is suspected to have liquidated its holdings. 14 million ENA (worth 6.89 million dollars at the time of receipt, with a coin price of 0.4928 dollars) was fully deposited into Bybit 6 hours ago, leaving only 2.41 million dollars, a decrease of 4.48 million dollars compared to the time of receipt, and a decline of over 8.735 million dollars from its peak.

The U.S. Securities and Exchange Commission (SEC) has publicly released its request for comments regarding "Novel ETFs," which may hold crypto assets or adopt unconventional strategies. The disagreement centers on whether the filing documents should remain public before the fund begins trading and how quickly the review process should be. Crypto asset management firm Grayscale and the crypto policy organization Crypto Council for Innovation (CCI) support establishing an optional confidential filing period to reduce competitors from submitting imitation documents.Charles Schwab opposes complete confidentiality and suggests that filing documents should be made public at least 75 days in advance. Grayscale requests that the SEC respond within 45 days, while CCI argues that the confidentiality process should not extend the automatic effectiveness or review period. Venture capital firm Andreessen Horowitz (A16z) supports shortening the review time but emphasizes that the rigor of the review should not be reduced; trading firm Jane Street believes that accelerating the process could lead to a decline in product quality, competitiveness, and liquidity.Currently, there are 174 ETFs related to crypto assets in the U.S., with BlackRock's iShares Bitcoin Trust ETF (IBIT) managing approximately $61 billion in assets, accounting for about 38% of the total assets of related ETFs. The SEC will decide whether to adjust the confidentiality arrangements for filings and the speed of the review.

According to the official announcement from the Ethena Foundation, the fee conversion vote has been approved, with 100% in favor. The programmatic ENA buyback will begin and will gradually scale up as indicators and milestones are achieved.Previously, on August 27, the Ethena Foundation announced four adjustments to the Ethena ecosystem, including the buyback of locked tokens held by early investors, further aligning the token with equity value, initiating a governance proposal for revenue buyback of ENA, and canceling future monthly VC investor unlocks.

According to Onchain Lens monitoring, Tether Treasury transferred 500 million USDT to Binance on the TRON blockchain.

Alea Research published that Sky, BlackRock, and Circle together account for half of the yield-bearing stablecoin market. There are a total of 26 products in the market, with a total scale of $21.43 billion.The top three are sUSDS (23.8%), BUIDL (16.7%), and USYC (12.7%), which together account for 53.1%, while the remaining 23 products share the rest of the market.

According to Zhitong Finance, Standard Chartered Bank stated that it will expand its institutional-level Bitcoin and Ethereum spot trading business from the UK to the UAE and will launch this business.

According to SoSoValue data, yesterday (Eastern Time September 2) the total net outflow of Ethereum spot ETFs was $48.0764 million. The Ethereum spot ETF with the highest single-day net inflow yesterday was Blackrock Staked ETH ETF ETHB, with a single-day net inflow of $52.9147 million, and the historical total net inflow of ETHB has reached $758 million.The second was 21Shares ETF TETH, with a single-day net inflow of $2.0267 million, and the historical total net inflow of TETH has reached $22.8026 million. The Ethereum spot ETF with the highest single-day net outflow yesterday was Blackrock ETF ETHA, with a single-day net outflow of $53.3529 million, and the historical total net inflow of ETHA has reached $12.744 billion.As of the time of writing, the total net asset value of Ethereum spot ETFs is $14.995 billion, and the ETF net asset ratio (the market value as a percentage of Ethereum's total market value) is 5.13%, with a historical cumulative net inflow of $13.025 billion.

According to CryptoSlate, the Ethereum Layer 2 network Silicon announced that it has stopped accepting new bridging deposits as of September 2 and has initiated the shutdown process. Users must withdraw all assets by December 31, at which point the network and block explorer will go offline, and remaining assets will be unrecoverable.There are still approximately $9.75 million in assets on-chain, including USDC ($2.66 million), WBTC ($2.54 million), ETH ($2.08 million), and USDT ($1.85 million). Assets bridged from the Ethereum mainnet can be directly withdrawn during the window period, but tokens issued directly on Silicon cannot be bridged directly and can only rely on the remaining on-chain liquidity for exchange, which may become increasingly difficult as the shutdown progresses. Silicon's Web3 wallet will also be disabled.

According to Crypto Briefing, Colombian fintech company Plenti has completed a $3 million seed round financing, led by Tether with participation from Verda Ventures. The new funds will be used to support existing operations in Colombia and expand into Peru and Bolivia.Founded in 2022, Plenti provides multi-currency account services for freelancers and remote workers, allowing users to hold US dollars, euros, and Colombian pesos, earn balance yields, and invest in US stocks, ETFs, digital gold, and crypto assets. The company has served over 150,000 active users, with an annual transaction volume exceeding $3.1 billion, and has processed over 680 million USDT since 2023.

ARK Invest researcher Lorenzo Valente compares Ethereum, Solana, and Hyperliquid to McDonald's, Chipotle, and In-N-Out, respectively, believing that the three are not different versions of the same L1 business model, but rather have completely different value capture structures.Valente believes that Ethereum is similar to a franchise system, expanding through L2 but charging too little on the settlement layer, even claiming it has established the most successful franchise system in crypto, yet forgot to send the bill; Solana resembles a direct sales model, retaining more value within its own system through transaction fees, priority fees, and MEV; Hyperliquid relies on highly vertical integration, no VC, and fee buybacks of HYPE, possessing the shortest value capture chain, but facing risks of a more concentrated product, team, and revenue sources.

Tether is expanding its business beyond stablecoins by launching an open-source AI translation model that can run offline on smartphones and laptops.These models support 19 African languages, and Tether positions this technology for use in education, healthcare, and other areas with limited internet access.

According to Hyperbot data, due to fluctuations in the cryptocurrency market, Huang Licheng's 25x leveraged Ethereum long position value has fallen below 100 million USD, and he has begun to reduce his long positions in Ethereum and Bitcoin. His overall position is currently showing a floating loss of over 1.1 million USD, with an investment return rate of -23.02%.The 25x leveraged Ethereum long position holds 39,900 ETH, with a position value of 95.979 million USD and a floating loss of 1.07 million USD;The 40x leveraged Bitcoin long position holds 515 BTC, with a position value of 39.793 million USD and a floating loss of 42,000 USD.

According to Cointelegraph, BitMEX co-founder Arthur Hayes stated that Bitcoin is expected to reach $1 million before 2030, citing factors such as the bursting of the AI bubble, massive money printing, and the potential implementation of yield curve control by the United States. He believes that $58,000 is likely the bottom for this round, and Bitcoin will experience a volatile upward trend.However, Hayes indicated that his current preference is Ethereum, believing it offers a better risk-reward ratio and is likely to achieve a rapid increase of 3 to 5 times, as Ethereum is the foundational layer of DeFi and is the only major cryptocurrency that has not yet broken through its historical high from 2021. He is more cautious about Hyperliquid, believing that its expectations are already fully reflected in the price, and that funds are better suited for deployment in other altcoin areas.Hayes also mentioned that Trump's influence on cryptocurrency prices is minimal, and that the real determinants of price are monetary authorities like the Federal Reserve. Regarding BitMEX's closure on September 23, he said, "I feel very good," believing that this is a voluntary shutdown according to their own wishes, rather than due to a hacking incident, and stated that operating an exchange without scale advantages is no longer profitable.

Data shows that in the past month, the USDT supply on the Tron chain increased by 4 billion dollars to 94.27 billion dollars, surpassing the USDT supply on Ethereum.

According to BeInCrypto, two Thai merchants have sued Tether, claiming that their $42.4 million USDT wallet was blacklisted at the informal request of U.S. government agents without a search warrant or court order.The plaintiffs are seeking to lift the freeze and are claiming damages from Tether for the profits generated from investing the corresponding reserves during the freeze period.

According to SoSoValue data, on September 1st Eastern Time, the total net inflow of Ethereum spot ETFs was $10.9528 million. The Ethereum spot ETF with the highest single-day net inflow was Blackrock Staked ETH ETF ETHB, with a single-day net inflow of $11.2001 million, and the historical total net inflow of ETHB has reached $705 million.Following that is Fidelity ETF FETH, with a single-day net inflow of $4.812 million, and the historical total net inflow of FETH has reached $2.286 billion. The Ethereum spot ETF with the highest single-day net outflow was Grayscale Ethereum Trust ETF ETHE, with a single-day net outflow of $7.3977 million, and the historical total net outflow of ETHE has reached $5.354 billion. As of the time of publication, the total net asset value of Ethereum spot ETFs was $15.212 billion, and the ETF net asset ratio (market value as a percentage of Ethereum's total market value) reached 5.21%, with a historical cumulative net inflow of $13.073 billion.